Latest News for: california analyst

In its first look at the fiscal year starting July 1, 2019, the Legislative Analyst’s Office is forecasting a $2.4 billion funding increase under Proposition 98, the formula that determines the minimum amount of state revenue for K-14 education... The analyst’s office estimates that there will be $14.8 billion more next year in the General Fund....

The good news just keeps coming for California Gov.-elect Gavin Newsom... Some experts doubted that California could remain solvent ... The analyst notes that spending on Medi-Cal, the main health care program for poor people, is increasing less rapidly in part because California under Brown has succeeded in enrolling about as many people as are eligible....

— A utility facing severe financial pressure amid speculation its equipment may have sparked a deadly NorthernCalifornia wildfire asked U.S ... laid out a variety of dangers confronting its transmission lines running through Northern California, saying its system faced a higher risk of wildfires than any other utility....

For California natives like me, the wildfires are a real gut punch ... Cal Fire Chief Ken Pimlott ominously predicted the week could bring more ruin to Southern California, particularly San Diego, Riverside and San Bernardino counties ... California was unrecognizable to me ... California's exploding population has created an insatiable housing demand....

Although California voters rejected rent control on the Nov ... The 4-1 vote favors an ordinance meant to retroactively limit rent hikes for 180 days from its start date of Sept ... California’s nonpartisan Legislative Analyst’s Office has said that rent control would likely lower rents, but also reduce new construction and lower property values ... 20. ....

BusinessPG&E stock soars most since 2001 after regulator eases fears related to California fires ... stock soared the most in 17 years after the head of California’s Public Utilities Commission said he can’t imagine allowing the utility to go bankrupt as it faces billions of dollars in potential liability from deadly wildfires....

TORONTO — BlackBerry Ltd. has signed a US$1.4-billion deal to acquire U.S ... BlackBerry executives told analysts on Friday that they were keen on acquiring California-based Cylance because it is a pioneer in applying artificial intelligence, algorithmic science and machine learning to cybersecurity software....

Equity analysts from investment bank Credit Suisse believe that ongoing California wildfire outbreaks could cost the insurance and reinsurance industry between $5 billion and $10 billion, although they do not believe this would be sufficient to push any of the major insurers they cover to a fourth-quarter loss....

SACRAMENTO — A utility facing severe financial pressure amid speculation its equipment may have sparked a deadly NorthernCalifornia wildfire asked U.S ... laid out a variety of dangers confronting its transmission lines running through Northern California, saying its system faced a higher risk of wildfires than any other utility....

For instance, in a 2015 report by the Legislative Analyst’s Office, researchers found that more than two-thirds of coastal communities in California had adopted policies explicitly designed to limit the construction of new homes ... When compared to the rest of the country, developers working in California face high costs and numerous delays....

With state revenues so flush — on Wednesday the state’s legislative analyst projected a $14.8 billion budget surplus in the coming year — California ought to be investing in sensible projects and programs that pay real dividends in the long run, particularly those that benefit Californians most in need, such as poor children....